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Thursday 24 April 2014

Burgundy continues unstoppable auction run

12th December, 2013 by Rupert Millar

Burgundy’s bull run of the auction circuit continued apace this week with Domaine de la Romanée-Conti and Henri Jayer topping Sotheby’s best lots.

Lot 251 La Tache 1990The two-day sale in London raised over £2 million in total and like the house’s New York auction and Bonhams’ London sale last week,  Burgundy reigned supreme.

Twelve bottles of DRC La Tâche 1990 made £39,950 – a little less than the £46,000 high estimate, but two four-bottle lots of Henri Jayer’s 1986 and 1987 Richebourg were pushed well over their estimates by furious phone bidding to £30,550 apiece.

Four bottles of 1990 Cros Parantoux from the producer fetched £28,200 while the only two Bordeaux on the list were full cases of Pétrus 1989 and Lafite 1982, both of which sold for £21,150.

The first seven of the 10 top lots were all bought by Asian clients as was the tenth best-selling lot, three bottles of Jayer’s 1982 Richebourg for £15,863.

Stephen Mould, Sotheby’s European head of wine, said: “We are delighted with the result of our two-day sale, the culmination of a successful year in London and a wonderful way to start the festivities.

“The Two Exceptional Collections presented on the second day featured a superb range of Bordeaux, Burgundy, Rhône and Italian wines. Rare bottles from Henri Jayer were highly sought-after by telephone bidders, which drove prices above their high estimates.

“Asian participation was strong, with over 50% of lots finding buyers in the region.  This sale brings Sotheby’s wine worldwide total to US$57.8 million. We now look forward to our next auctions, in Hong Kong on 18 January and in London on 22 January 2014.”

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